The largest component of national income in developing countries consist of?

Economics

WAEC 2018

A. profits
B. profit and rent
C. rent
D. wages and salaries

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Correct Answer: Option D

Explanation

The largest component of national income is: compensation of employees. (wages and salaries). National income measures: the market value or cost of the resources used in the production of the national output.

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The largest component of national income in developing countries consist of?

Correct Answer: Option D

Explanation

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